Why CFIUS Is Intervening in Broadcom's Qualcomm Bid

Reps from Broadcom did not immediately respond to requests for comment.

Qualcomm just concluded its 5G day in San Diego, California, where it showed off a number of new demos showcasing what the newSnapdragon 845 can do.

A federal regulatory panel has concluded that Broadcom's successful hostile takeover attempt of Qualcomm - or any potential merger between the two companies - "could pose a risk to the national security of the United States", according to a letter from the Treasury Department, dated March 5.

Some on Wall Street and in government have been vociferously against the proposal, partly because of the idea that Broadcom might cut Qualcomm jobs, but also because of the importance of the companies' products-chips for telecommunications equipment-in the upcoming wave of "5G" mobile broadband technology. It seems that Qualcomm contacted U.S. investment authorities to launch an investigation, which incidentally led to Qualcomm's annual shareholders meeting being delayed. Broadcom shareholders are expected to vote on the move in early May. The company will complete a corporate restructure and be headquartered in the U.S.by May 6, 2018.

Qualcomm is known for inventing the 2G and 3G wireless network technology that's used by carriers like Verizon and Sprint.

Top bank officials summoned as PNB fraud probe widensAxis Bank said its exposure to these entities is just Rs 200 crore and that the bank is not a leader in the consortium. A special court on Saturday had issued non-bailable warrants (NBWs) against Modi and Choksi in the alleged scam.

What's at stake: US-based Qualcomm is a leader in 5G wireless tech for things like driverless cars.

Broadcom has nominated six alternative candidates to Qualcomm's 11 member board of directors in a hostile takeover bid. The Committee is particularly concerned that if Qualcomm does not maintain its position as one of the top investors in semiconductor research, it could lose its leading position in helping to determine worldwide industry standards. He has proposed legislation to tighten CFIUS' scrutiny of deals. Reuters reported last week that CFIUS had begun looking at semiconductor firm Broadcom's bid as pressure grew from politicians, including senior Republican Senator John Cornyn.

Broadcom first bid $70 a share, or $105 billion, for Qualcommin November in what would be biggest deal ever in technology, far higher than Dell Inc.'s $67 billion acquisition of EMC Corp. "Chinese companies, including Huawei [Technologies], have increased their engagement in 5G standardization working groups as part of their efforts to build out a 5G technology". "Broadcom's dismissive rhetoric notwithstanding, this is a very serious matter for both Qualcomm and Broadcom", Qualcommsaid in a statement. The uncertainty associated with such investigations, which are seen as politicized and offer little transparency, often dooms potential deals before a conclusion is reached.

CFIUS can approve or propose changes to deals, but only the president can block a transaction on national security grounds.

CFIUS's ability to intervene in the merger could disappear if Broadcom moves its headquarters to the USA, as it promised to do at a public White House ceremony in November.

Related news

Ichiro played in 136 games previous year as a reserve outfielder for the Marlins , batting.255 with three home runs and 20 RBIs. The Mariners could seek a free agent like Jon Jay or Carlos Gonzalez, though would likely offer just a one-year deal.

The embattled leader was addressing members of Turkey's ruling party Saturday in Kahramanmaras when he noticed Amine Tiras crying. Mr Erdogan earlier this month said troops would also move east to Manbij - where unlike Afrin there is a USA military presence.

And, in the valley, Jarvis Middle School in Mohawk was on lockdown due to an unconfirmed threat made against that school. Utica Police emphasized that no one had been injured at Utica College and no acts of violence had been reported.

Having heard that, Rousey made a decision to strike first, slamming Triple H through a table in the middle of the ring. Monday night, the two will likely confront each other to further a potential match between the two at WrestleMania .

Judge declined to go into specifics about what Wilson said but did say he continued to talk to the quarterback afterward. He's wearing No. 73 - a combination of No. 7, his high school baseball number and No. 3, his pro football number.

A growing number of companies have cut ties with America's main gun lobby, the National Rifle Association (NRA). Even before the most recent mass shooting, the influence of LaPierre's organization on elections was fading.

It is still unclear whether the South Korean envoys will have an opportunity to directly meet the North Korean leader Kim Jong-un. We will remind, recently trump said that insists on the willingness of the U.S. to start direct talks with North Korea.

Jordan Peele won Best Original Screenplay for " Get Out ", and James Ivory took Adapted Screenplay for " Call Me by Your Name ". This was the first Oscar nomination and win for Austerberry and production design teammates Jeffrey A.

China is now the de facto superpower in this region, and by far the most important trading partner for Vietnam. Some 58,000 American soldiers and an estimated 3 million Vietnamese were killed in the war.

Mudiay had 13 points in the first seven minutes and 14 in the first quarter to lead all scorers and give the Knicks a 39-37 edge. In the teams' first meeting, the Warriors trailed by 10 at home after three quarters, but rallied for a 120-117 win October 27.

Bears give CB Fuller transition tag
It's worth wondering if confidence in the ability to re-sign Fuller has played into the Bears' decision to not use the tag. Although Amukamara has been a solid starter for the past six seasons, Fuller clearly was the better player in 2017.

Dublin airport closed until Saturday
Passengers are being warned that further flights could be cancelled as the weather continues to affect the UK. The extreme weather brought plunging temperatures and heavy snow with up to 40cm falling in some areas.

Best features of Galaxy S9 and Galaxy S9+
The S9+ has an additional telephoto lens, but the S9's single lens camera is not to be underestimated. But before we talk of that a quick look at the Galaxy S9 and the Galaxy S9 +.